Friday, March 19, 2010

heh..the government's ponzi scheme

A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors and to use for personal expenses, instead of engaging in any legitimate investment activity.

Except with Social Security, they spend the money generated on other expenses. No legitimate opportunity. If ANYONE but the government ran Social Security, they would be spending time behind bars.

Why is this held up as some great bastion of hope ?

As for welfare and social programs: It is not government's job to force me to have compassion.


  1. Diane:
    That's what I thought CHARITABLE ORGANIZATIONS were for...
    I want my SSI money BACK, so I can decide where I need to spend it.

    I liken this monetary clusterf$ck (pardon my "French") as a PYRAMID scheme...except the pyramid has been turned upside down (with US at the bottom)
    And we all know that BS always seems to flow DOWNHILL.

    Damn fine post.

    Have a great weekend.
    (and spring when it arrives this afternoon)

  2. If they wouldn't take so much money for taxes, more money could go go charity.